yearn.finance Proposes To Mint 6666 YFI

yearn.finance proposed YIP-57 to discuss the possibility of minting 6,666 YFI.

If adopted, this proposal seeks to:

1. Mint 6,666 YFI.

2. Allocate ~1/3 of the minted YFI to key contributors as vesting retention packages.

3. Allocate the remaining ~2/3 to the Treasury, which will be deployed through existing Governance for various uses, for example:

1) Future contributor incentives;

2) Liquidity mining programs;

3) Staking rewards;

4) Protocol mergers & talent acquisitions;

5) Cross-protocol incentives to tighten co-operation across the ecosystem family of projects.

Coinness